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bigcaat bigcaat
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7 years ago
Walter and Gordon are the shareholders of a small private Ontario company, which recently went bankrupt due to the world wide recession, owing $100 000.00 to its creditors. Unfortunately the company's assets are only $50 000.00. In this case, the amount available to satisfy the creditors of the company will be
a. $50 000.00 plus Gordon's assets only.
b. $50 000.00 plus Walter's assets only.
c. $50 000.00 plus the assets of both Walter and Gordon.
d. $50 000.00 only.
e. none of the above
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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AlexStanfordAlexStanford
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